Digital freight forwarder Zencargo raises US$4 million

London-based digital freight forwarder Zencargo today announced the completion of its “seed plus” round of funding, led by LocalGlobe, with participation from Samos Investments and Picus Capital, bringing total funds raised to more than US$4 million for the startup. Zencargo said the money will go toward accelerating its product development process and expand its presence […]

African, Latin American nations rank among top exporters

Africa and the Americas are emerging as the shining stars of the airfreight industry, according to the 2012 Agility Emerging Markets Logistics Index. Kenya, Nigeria, Tunisia, Morocco and the Latin American nations of Ecuador, Peru, Mexico and Chile all rank among the top 10 fastest-growing exporters, the report found.
  • Staff Reports
  • January 19, 2012

Cargolux increases service to Indiana

Indianapolis International Airport is now the recipient of a third weekly Cargolux flight performed on Boeing 747-400F aircraft. The Luxembourgian freight carrier will fly to Indiana every Sunday to address European pharmaceutical demand propelled by Indianapolis’ Roche Diagnostics.
  • Staff Reports
  • January 19, 2012

Hactl’s 2011 volumes down despite fourth-quarter surge

Sluggish import and export levels impaired freight volumes at Hong Kong Air Cargo Terminals in 2011. Although Hactl saw volumes rise steadily in the last three months of the year, Hong Kong International Airport’s major airfreight operator only handled 2,719,321 tonnes in 2011, a 6.2-percent, year-over-year, drop.
  • Staff Reports
  • January 19, 2012

Kerry Logistics to expand in central China

Kerry Logistics will break ground on a 70,000-square-meter logistics center in Zhengzhou, China, in the second quarter of 2012. The facility is slated for completion in the first quarter of 2013.
  • Staff Reports
  • January 17, 2012

Emirates SkyCargo launches South American service

Emirates SkyCargo is eying South America as a key region of growth. In addition to citing the freight implications for Emirates’ daily passenger route to Rio de Janeiro and Buenos Aires, which commenced January 3, the carrier also has high hopes for its thrice-weekly freight route to Sao Paulo.
  • Staff Reports
  • January 16, 2012

flydubai Cargo off to a strong start

flydubai, which came into the world as a low-cost carrier in June 2009, launched a cargo division January 1, and in the first few weeks of operation, flydubai CEO Ghaith Al Ghaith said he has been pleased with the venture’s performance. He called the new services a natural step in the evolution of flydubai, but […]
  • Staff Reports
  • January 16, 2012

Southwest to launch ATL freight facility

Southwest Airlines has constructed a 26,000-square-foot cargo facility at Hartsfield-Jackson Atlanta International Airport, which will open for business on February 12. The launch of this facility coincides with Southwest’s initiation of passenger service to Atlanta, a byproduct of the carrier’s May 2011 acquisition of AirTran Airways.
  • Staff Reports
  • January 13, 2012

Air France-KLM aims to reduce €2 billion in debt

In order to reduce its net debt load by €2 billion in the next two years, Air France-KLM will put a 5-percent cap on capacity growth over the next three years and immediately freeze pay raises, among other measures. The group will also aim to break even on its medium-haul network within three years.
  • Staff Reports
  • January 13, 2012

LH Cargo posts record 2011 despite ‘gloomy’ early 2012

Last year was particularly prolific for Lufthansa Cargo, with the carrier transporting 1.9 million tonnes of freight and mail in 2011 — a 5 percent, year-over-year, jump — and increasing capacity by 8.6 percent. A “gloomy start” to 2012 could quickly reverse this trend, however.
  • Staff Reports
  • January 12, 2012

ETS will cost airlines €364 million, study finds

In the first full year of the EU’s emissions trading scheme, airlines will be forced to buy €364 million worth of emission credits in order to comply with the new policy, an analysis conducted by Brussels-based Altimedes Consulting found.
  • Staff Reports
  • January 12, 2012

AirBridgeCargo commences Chengdu route

AirBridgeCargo Airlines has launched thrice-weekly freight service to Chengdu International Airport. The route, which is performed by a Boeing 747-400 freighter, connects the capitol of the Sichuan province to major European destinations, including Moscow and Amsterdam.
  • Staff Reports
  • January 12, 2012

Emirates in expansion mode

Emirates has launched daily service from Dubai to Dublin, making its maiden Irish route the third new routing unveiled since the start of the new year; the carrier launched flights to Buenos Aires and Rio de Janeiro earlier this month. Emirates also announced plans to add a daily flight from Dubai to Ho Chi Minh City […]
  • Staff Reports
  • January 10, 2012